The money laundering industry atlas

Now available: an atlas database that provides detailed insights on a multitude of money laundering service providers: exposing perpetrators, trusts, offshore companies, suspected addresses, hidden structures, fake directors and networks all over the world

The Scalaris ECI AG Money Laudering Industry Atlas

Even as the world economy has stumbled, economic crime has continued to grow, booming to 10% of the global economy and fast becoming a major threat to world security. A well organized, innovative system of money laundering has allowed the industry to boom. The launderers‘ most important tool is no longer bank secrecy, but rather a complex mechanism of camouflage and deception which combines criminal activities, offshore structures and the real economy. The proponents of offshore structures claim that the vast majority of offshore patrons are engaged in legitimate transactions. Offshore centres, they say, allow companies and individuals to diversify their investments, forge commercial alliances across national borders and do business in entrepreneur-friendly zones.

In reality there is a delicate balance between lawful offshore systems, certain grey areas and illegal structures. New international regulations and anti-money-laundering guidelines make it more difficult for banks to effect daily business transactions. On the other hand, there are full service money-laundering providers located outside the official financial system who have promoted the setup of countless offshore companies, trusts and hard-to-trace bank accounts, hiding their clients’ true identities, intents and backgrounds. One major attraction of offshore havens for their users is that it remains extremely difficult to identify those behind such companies. Who are the owners of these offshore entities, on whose behalf are the “sham-directors” acting? It is increasingly challenging for all parties involved to distinguish the fine line between legal and illegal offshore transactions: this hidden apparatus has been refined in the last 10 years, becoming the central instrument for the money laundering industry, allowing launderers to sidestep existing regulations and controls and creating insurmountable investigation costs for governments and banks seeking to prevent economic crime.

As a result of years of continuous investigation by a team of highly-competent experts, SCALARIS ECI AG has developed a database that provides detailed insights on a multitude of money laundering service providers: exposing perpetrators, trusts, offshore companies, suspected addresses, hidden structures, fake directors and networks all over the world. The database is a map of the money laundering industry that illustrates how offshore financial secrecy has spread continuously around the globe. This map is constantly updated to keep abreast of innovations and developments in the money laundering industry. With this unique database, Scalaris ECI AG assists clients in detecting money laundering mechanisms, corruption schemes and commercial frauds, and in protecting businesses against the reputational and regulatory risks that involvement in economic crime, unwitting or otherwise, can trigger.

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